
'I don’t think that’s crazy': Here is why Circle is betting on new $3 billion blockchain
Circle launches Arc blockchain with $3 billion valuation and $222 million presale

Ripple CTO Emeritus David Schwartz challenges Craig Wright's claims about Satoshi Nakamoto's identity, emphasizing that 'Satoshi' refers to whoever created Bitcoin, not just an individual. The true identity of Satoshi remains a mystery, with various candidates speculated but none confirmed.
Mentioned in this story
The discussion about the real identity of Bitcoin's pseudonymous creator Satoshi Nakamoto resurfaces on X with Ripple CTO Emeritus David Schwartz pushing back firmly against arguments from Craig Wright about what it really means to be "Satoshi." "CSW is wasting a lot of time pretending not to understand that when people ask the question who is Satoshi, what they mean by Satoshi is whoever (or whatever) did the things attributed to Satoshi," Schwartz tweeted.
CSW is wasting a lot of time pretending not to understand that what when people ask the question "who is Satoshi", what they mean by "Satoshi" is whoever (or whatever) did the things attributed to Satoshi.
— David 'JoelKatz' Schwartz (@JoelKatz) May 5, 2026 Schwartz highlights the point that what people imply when they ask "Who is Satoshi?" is whoever (or whatever) did the things attributed to Satoshi. He added that Wright "has yet to" or "pretends not to" understand this fact. "By Satoshi what people mean is whoever, or whatever group, did the things commonly attributed to Satoshi. Nothing more, nothing less," Schwartz stated. Schwartz faults Wright's arguments for not being straightforward. "You spend a lot of time criticizing a position for its supposed unprovable assumptions but your entire argument is based on the unprovable assumption of yours that Satoshi is an individual," Schwartz responded to Wright, who has publicly claimed to be Satoshi Nakamoto. The claims were rejected by the crypto community and deemed false by a UK High Court judge. "By Satoshi we mean whoever or whatever group did the things attributed to Satoshi. Writing the whitepaper is one of those things. Having generated certain keys is another," Schwartz said.
The real identity of the pseudonymous creator of Bitcoin, Satoshi Nakamoto, remains a mystery. A recent April report in The New York Times claimed Blockstream CEO Adam Back was the most likely candidate. Back, an early figure in the Bitcoin community, denies he is the BTC creator. Back is considered one of the more plausible candidates along with computer scientists Hal Finney and Nick Szabo. The 2024 HBO documentary "Money Electric: The Bitcoin Mystery" identified developer Peter Todd as the creator. The cryptocurrency community remains unshaken as it has always maintained that the mystery isn't a financially material one and that, even if proven, the founder's identity would have little impact on Bitcoin fundamentals. Bitcoin, they say, has been independently operated for more than 10 years and it's perhaps better for investors that it remain that way.
Craig Wright claims to be Satoshi Nakamoto, the creator of Bitcoin, but his assertions have been widely rejected by the crypto community.
Candidates include Adam Back, Hal Finney, and Nick Szabo, though none have been definitively proven to be Satoshi.
The Bitcoin community believes the identity of Satoshi is not financially material, as Bitcoin has operated independently for over a decade.

Circle launches Arc blockchain with $3 billion valuation and $222 million presale

Google's Threat Intelligence Group reported that hackers used AI to create a zero-day exploit that bypasses two-factor authentication in a popular web tool. This marks the first confirmed instance of AI-assisted zero-day development in the wild.

XRP whales are under fire for allegedly manipulating liquidity in the market. What does this mean for investors?

Bipartisan agreement reached to strengthen law enforcement in crypto regulation.

Solana's Alpenglow upgrade has begun community testing ahead of a full rollout, expected by Q3 or Q4.

Payward, Kraken's parent, raises funds at $20 billion valuation before IPO.
See every story in Crypto — including breaking news and analysis.